The Colorado Springs Apartment Investor

The Voice of Colorado Peak Properties

Browsing Posts tagged North Carolina

Last month I had the opportunity to go out to Surf City with Brian and Lowell to see the area and do some research. We flew into Wilmington, home of the second largest port on the east coast, and drove the rental car about a half hour to Lowell’s townhome overlooking a beautiful sound and [...]

During our meeting yesterday I learned more details about the HUD loan, project scope (up to 132 units) and future plans. The team is looking at building out 1000-1200 units in neighboring towns over the next 5-7 years. I’m tasked with raising the down payments, but since HUD is only looking for 10% down, that [...]

Met with a local developer last week who is looking for a partner to help develop a new 120-unit apartment complex in North Carolina. They have the land under contract already and they’ve had a 100 page market analysis done which shows the local market with only a 2% vacancy rate and many complexes totally [...]